YPF oil and gas production up in January but still not enough

Tuesday, March 4th 2014 - 23:35 UTC

Full article 11 comments

Argentina's YPF increased oil and gas production by around 9% in January, continuing a trend that began in mid-last year in which the state-controlled firm reversed long-standing production declines. And while the rest of the sector continued to lag behind, oil production at least did experience a monthly increase, suggesting that YPF’s increases in output are starting to have a positive effect on the sector as a whole. Read full article

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paulcedron
well, it is an advance.
well done galluccio
Mar 05th, 2014 - 02:16 am - Link - Report abuse 0
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CabezaDura2
Galluccio is going to focus as much effort as he can in conventionals, exploration and investments had being decreasing since 2008 in YPF. So production was bound to increase.
Mar 05th, 2014 - 03:19 am - Link - Report abuse 0
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Think
Comment removed by the editor.
Mar 05th, 2014 - 05:48 am - Link - Report abuse 0
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DanyBerger
Not even depressed Robert Smith could write this article...
It's Never Enough
never enough

http://www.youtube.com/watch?v=N5enlLwo94M

Whatever I do it's never enough... Never enough, never enough...

Ha ha
Mar 05th, 2014 - 10:48 am - Link - Report abuse 0
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yankeeboy
The marginal increase in production won't have a material difference on the vast quantities that need to be imported.
Increase in Grain sales...poof gone to fuel imports

The only thing that will save CFK this year is a huge recession so the fuel usage is down.
Huge Recession and 60+% inflation
They should be commended it is actually really hard to get into Stagflation
Next stop....hyperinflation
Won Decade=Lost Generation ( or two)
Mar 05th, 2014 - 12:42 pm - Link - Report abuse 0
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CabezaDura2
Overall national production is declining and YPF is pushing hard to cover up for the other companies decrease

A generation of 0 km cars pickups bought in record numbers in the last years (purchased with subsidized/differential dollars) that have stuffed the roads and highways in Argentina are going to be very-very cheap second hand as people will want to get rid of them as they will no longer be able to afford maintaining them
Mar 05th, 2014 - 12:53 pm - Link - Report abuse 0
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yankeeboy
Used cars are shockingly expensive in Argentina. They cost 3-5X more than they do in the USA.
Nafta is predicted to go to $20/lt mid year
Whatever U$ is brought in by the Farmers will be offset with the abysmal car exports and the increase in oil/gas prices worldwide.
Now what?
Mar 05th, 2014 - 01:15 pm - Link - Report abuse 0
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CabezaDura2
I remember in October of 2011 when people talked to me of nafta at $10 after the elections and I was like Wow... I guy selling me a Sthil chainsaw warned me so in advance, the Sthil chain in Argentina had already purchased all the spair parts from Germany and Brazil in advance and had them stored up because they new in forth hand the restrictions on imports would be inplaced shortly after.

The roads and highways needed to be upgraded and restored for the actual amount of vehicles. I guess that fuel prices will sort that one out for them
Mar 05th, 2014 - 01:49 pm - Link - Report abuse 0
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yankeeboy
*. Do you remember when those pesky agreements with the Int'l companies not being able to xfer U$ abroad expire?
It's got to be soon
That will be a huge drain, if CFK allow it
If not I can see all of them closing up mfg with mass layoffs.
There's no reason to put up with all the craziness for such a small consumer base.
Mar 05th, 2014 - 02:23 pm - Link - Report abuse 0
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ChrisR
People, especially the trolls (if you can consider them people) seem to have forgotten why Repsol purchased so much oil and gas on the international market instead of drawing it from argie sources.

It was so much CHEAPER! And of course they minimised their capital lock.

Now everybody is shouting about a sub-ten percent increase FROM THE LOWEST BASE IN YEARS!

I suspect that due to the arrogance of Argentines, (certainly most of those in PdE) getting rid of the new car just won’t be on the agenda until the very last possible moment.

Another “win” for TMBOA.
Mar 05th, 2014 - 05:45 pm - Link - Report abuse 0
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yankeeboy
(Reuters) - The U.S. Supreme Court on Wednesday ruled for British company BG Group Plc in its effort to reinstate a $185.3 million arbitration award against Argentina that a U.S. appeals court threw out.

Plus interest, penalties and legal fees.
Cash please
Now

One of the many cases Arg has lost
Mar 05th, 2014 - 06:14 pm - Link - Report abuse 0
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